Welcome Sticky



This is the new real estate website for Richard Yancy.






agency

Mar
09
agency

the legal relationship between principal and agent that arises out of a contract wherein as agent is employed to do certain acts on behalf of the principal who has retained the agent to deal with a third party.

Posted By yre_admin read more

affidavit

Mar
09
affidavit

a written statement made under oath and signed before a licensed public official, usually a notary public.

Posted By yre_admin read more

adverse posession

Mar
09
adverse posession

a method of acquiring title to another person's property through court action after taking actual, open, hostile, and continuous possession for a statutory period of time; may require payment of property taxes during the period of possession.

Posted By yre_admin read more

ad valorem tax

Mar
09
ad valorem tax

tax in proportion to the value of a property.

Posted By yre_admin read more

administrator

Mar
09
administrator

a person appointed by a court to settle the estate of a person who has died without leaving a will.

Posted By yre_admin read more

adjustment date

Mar
09
adjustment date

the date the interest rate changes on an adjustable-rate mortgage.

Posted By yre_admin read more

adjusted basis

Mar
09
adjusted basis

the original cost of a property, plus acquisition costs, plus the value of added improvements to the property, minus accrued depreciation.

Posted By yre_admin read more

adjustable-rate mortgage (ARM)

Mar
09
adjustable-rate mortgage (ARM)

a mortgage in which the interest changes periodically, according to corresponding fluctuations in an index. All ARMs are tied to indexes. For example, a seven-year, adjustable-rate mortgage is a loan in which the rate remains fixed for the first seven years, then fluctuates according to the index to which it is tied.

Posted By yre_admin read more

adjoining

Mar
09
adjoining

contiguous or attached, in actual contact with.

Posted By yre_admin read more

adjacent

Mar
09
adjacent

lying near to but not necessarily in actual contact with.

Posted By yre_admin read more

addendum

Mar
09
addendum

any provision added to a contract, or an addiction to a contract that expands, modifies, or enhances the clarity of the agreement. To be a part of the contract and legally enforceable, an addendum must be referenced within the contract.

Posted By yre_admin read more

actual notice

Feb
17
actual notice

the actual knowledge that a person has of a particular fact.

Posted By yre_admin read more

actual eviction

Feb
17
actual eviction

the result of legal action brought by a landlord against a defaulted tenant, wherby the tenant is physically removed from rented or leased property by court order.

Posted By yre_admin read more

acre

Feb
17
acre

a measure of land equal to 43,500 square feet or 4,480 square yards.

Posted By yre_admin read more

acknowledgment

Feb
17
acknowledgment

a formal declaration before a public official, usually a notary public, by a person who has signed a deed, contract, or other document that the execution was a voluntary act.

Posted By yre_admin read more

accrued items

Feb
17
accrued items

a list of expenses that have been incurred but have not yet been paid, such as interest on a mortgage loan, which is included on a closing statement.

Posted By yre_admin read more

accrued depreciation

Feb
17
accrued depreciation

(1) the amount of depreciation, or loss in value, that has accumulated since initial construction; (2) the difference between the current appraised value and the cost to replace the building new.

Posted By yre_admin read more

accretion

Feb
17
accretion

The increase or addition of land resulting from the natural deposit of sand or soil by streams, lakes, or rivers.

Posted By yre_admin read more

acceptance

Feb
17
acceptance

The indication by a third party receiving an offer that they agree to the terms of the offer. In most states the offer and acceptance must be produced in writing when real property is involved.

Posted By yre_admin read more

acceleration clause

Feb
12
acceleration clause

A clause in a note, mortgage, or deed of trust that permits the lender to declare the entire amount of principal and accrued interest due and payable immediately in the event of default.

Posted By yre_admin read more

abutting

Feb
12
abutting

Sharing a common boundary; adjoining.

Posted By yre_admin read more

abstract of title

Feb
12
abstract of title

A certified summary pf the history of a title to a particular parcel of real estate that includes the original grant and all subsequent transfers, encumbrances, and releases.

Posted By yre_admin read more

Principles and Practices of Real Estate (Course)

Session 1

  • Chapter 1 - The Real Estate Business
  • Chapter 2 - Real Property and the Law
  • Chapter 3 - Concepts of Home Ownership

Session 2

  • Chapter 4 - Agency
  • Chapter 5 - Real Estate Brokerage
  • NAR - Code of Ethics

Session 3

  • Chapter 6 - Listing Agreements & Buyer Representation
Subscribe to YancyRE RSS

Recent content

yre_admin
yre_admin
yre_admin
yre_admin
yre_admin
yre_admin
yre_admin
yre_admin
yre_admin
yre_admin

Recent comments

No comments available.